Lodging Daily News

NEW YORK—PMZ Realty Capital LLC announced it arranged a $40 million refinancing loan for the Hilton Garden Inn Atlanta Downtown in Atlanta, Georgia. A European bank provided the five-year interest-only loan, and the borrower, Legacy Ventures, will be using the part proceeds to pay off the existing debt and contribute to reserves for a future property improvement plan. “This was our sixth transaction with PMZ, representing over $250 million of financing for our Atlanta Hotel

The key to keeping your business at the top of your game is knowing your customers and the larger trends shaping the industry you’re in. In the case of hospitality, that means understanding what event planners and travelers are looking for from their venues, but it also means understanding how venues are being selected, how and where rooms are being booked, current rates, and more. There are a lot of moving parts, and you need

IHG Hotels & Resorts announced its Q3 2023 trading update through September 30, 2023. Highlights include: Q3 group RevPAR up 10.5 percent versus 2022, with Americas up 4.1 percent, EMEAA up 15.9 percent, and Greater China up 43.2 percent Q3 group RevPAR up 12.8 percent versus 2019, with Americas up 13.8 percent, EMEAA up 17.5 percent, and Greater China up 9.3 percent Average daily rate up 4.1 percent versus 2022, up 14.8 percent versus 2019;

Marriott International continues to grow its brand portfolio and expand its reach through new initiatives, such as the recent launch of a new extended-stay flag and a newly forged licensing deal with MGM Resorts. Marriott President/CEO Anthony Capuano recently sat down with LODGING to discuss some of those developments, as well as key issues impacting the lodging industry as a whole. The Q&A below represents a portion of that conversation. In June, Marriott unveiled its

ROCKVILLE, Maryland—Cambria Hotels by Choice Hotels opened the Cambria Hotel Detroit Downtown. The 154-room hotel marks the latest in recent city center locations the brand has appeared in Austin, Texas; Minneapolis, Minnesota; Portland, Maine; and Savannah, Georgia. The Cambria Hotel Detroit Downtown is a historic, adaptive reuse of The Walker-Roehrig Building, architecturally anchored in Detroit’s Art Deco period. The Cambria Hotel Detroit Downtown provides guests with access to the corporate offices for Ally Finance, Quicken